NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sets New 1-Year High – Still a Buy?
by Renee Jackson · The Cerbat GemNYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $35.30 and last traded at $35.22, with a volume of 29244 shares traded. The stock had previously closed at $35.21.
NYLI Hedge Multi-Strategy Tracker ETF Stock Up 0.0%
The firm has a market capitalization of $788.93 million, a P/E ratio of 18.21 and a beta of 0.32. The company’s 50 day moving average is $34.49 and its 200-day moving average is $34.11.
Hedge Funds Weigh In On NYLI Hedge Multi-Strategy Tracker ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tredje AP fonden boosted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 102.4% during the 4th quarter. Tredje AP fonden now owns 6,275,000 shares of the company’s stock worth $210,275,000 after purchasing an additional 3,175,000 shares in the last quarter. Morgan Stanley boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 5.9% in the fourth quarter. Morgan Stanley now owns 3,419,037 shares of the company’s stock worth $114,572,000 after acquiring an additional 190,320 shares in the last quarter. Pitcairn Co. boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 7.7% in the third quarter. Pitcairn Co. now owns 1,807,177 shares of the company’s stock worth $60,775,000 after acquiring an additional 129,310 shares in the last quarter. Alaska Wealth Advisors boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 4.6% in the third quarter. Alaska Wealth Advisors now owns 986,028 shares of the company’s stock worth $33,160,000 after acquiring an additional 43,780 shares in the last quarter. Finally, Focus Partners Wealth boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 14.8% in the third quarter. Focus Partners Wealth now owns 757,604 shares of the company’s stock worth $25,543,000 after acquiring an additional 97,734 shares in the last quarter.
NYLI Hedge Multi-Strategy Tracker ETF Company Profile
The IQ Hedge Multi-Strategy Tracker ETF (QAI) is an exchange-traded fund that is based on the IQ Hedge Multi-Strategy index. The fund tracks an index that aims to emulate hedge fund returns across different strategies, primarily by holding other ETFs. QAI was launched on Mar 25, 2009 and is managed by IndexIQ.